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The Reserve Bank of India announced on Monday that the Real-Time Gross Settlement service will not be available for 14 hours on April 18 (Sunday) due to a technical upgrade.(File photo)

News updates from HT: RTGS service will be unavailable for 14 hrs on April 18

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON APR 12, 2021 04:49 PM IST
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RBI also asked the member banks to notify the customers, asking them to plan their transactions accordingly.(Mint)
RBI also asked the member banks to notify the customers, asking them to plan their transactions accordingly.(Mint)

RTGS services won’t be available for 14 hours on April 18: RBI

By hindustantimes.com | Written by Srivatsan K C, New Delhi
PUBLISHED ON APR 12, 2021 04:07 PM IST
"RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021. The NEFT system will continue to be operational as usual during this period,” a statement from RBI said.
In October, the Reserve Bank of India had announced that RTGS will be available round-the-clock on all days of the year.(Reuters image)
In October, the Reserve Bank of India had announced that RTGS will be available round-the-clock on all days of the year.(Reuters image)

24x7 RTGS payment system available from today

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Prashasti Singh
UPDATED ON DEC 14, 2020 10:37 AM IST
RBI Governor Shaktikanta Das had announced in October that the system will be available at all times from December 2020 to make online fund transfer smooth.
In October, the RBI had announced that RTGS will be available round-the-clock on all days of the year.(Mint Archives)
In October, the RBI had announced that RTGS will be available round-the-clock on all days of the year.(Mint Archives)

RTGS facility to be available round the clock from mid-night tonight

Mumbai | By Press Trust of India | Posted by Srivatsan K C
PUBLISHED ON DEC 13, 2020 05:17 PM IST
“RTGS facility becomes operational 24X7 from 12.30 am tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this possible,” RBI Governor Shaktikanta Das said in a tweet.
The round the clock availability comes within a year of operationalising National Electronic Fund Transfer (NEFT) 24x7.(REUTERS)
The round the clock availability comes within a year of operationalising National Electronic Fund Transfer (NEFT) 24x7.(REUTERS)

RTGS payment system to be available 24x7 from Monday

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Kunal Gaurav
PUBLISHED ON DEC 09, 2020 07:00 PM IST
The RBI’s decision to operationalise the service 24x7 was recently announced after a Monetary Policy Committee meeting.
An LPG cylinder delivery person in Patna, Bihar, India on Friday October 23, 2020. (Photo by Santosh Kumar/ Hindustan Times)
An LPG cylinder delivery person in Patna, Bihar, India on Friday October 23, 2020. (Photo by Santosh Kumar/ Hindustan Times)

From RTGS to PNB’s cash withdrawal, new rules that will come into effect from December 1

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Karan Manral
UPDATED ON DEC 01, 2020 08:18 AM IST
A set of new rules come into effect at the beginning of every month. These rules, more often than not, directly impact a common man’s life.
The Reserve Bank of India has decided to make RTGS payment system available round the clock.(REUTERS)
The Reserve Bank of India has decided to make RTGS payment system available round the clock.(REUTERS)

RTGS payment system will be available 24x7 from December 2020. All you need to know

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON OCT 09, 2020 10:50 AM IST
For seamless online transfer of large funds, the Reserve Bank of India has decided to make RTGS payment system available 24x7 from December.
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.(Photo Courtesy: NPCI)
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.(Photo Courtesy: NPCI)

UPI transactions drop in March, RTGS shoots up due to lockdown

New Delhi | By Press Trust of India
UPDATED ON APR 21, 2020 10:35 AM IST
According to the data, the volume of UPI transactions in March slipped to 124.68 crore from 132.57 crore in February.
Employers too can avail online facilities of the EPFO and avoid making the rounds of offices.(MINT PHOTO.)
Employers too can avail online facilities of the EPFO and avoid making the rounds of offices.(MINT PHOTO.)

EPFO asks beneficiaries to use online services, avoid visiting offices to contain coronavirus

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 20, 2020 05:57 PM IST
Most of the services offered by the EPFO are available online. Employees have also been given the option of filing claims for advances, withdrawals, and receive payment for PF, insurance and pension directly in their bank accounts.
HT Image
HT Image

1crore embezzled from Panchkula MC account, FIR registered

Hindustan Times, Chandigarh | By HT Correspondent, Panchkula
PUBLISHED ON MAR 19, 2020 01:42 AM IST
The money was fraudulently transferred to unidentified persons despite RTGS not authorised by competent authorities

Cheque bounce case: Panchkula resident to undergo 1-yr jail, pay back double the amount

Hindustan Times, Chandigarh | By HT Correspondent, Chandigarh
PUBLISHED ON JAN 09, 2020 12:43 AM IST
Had borrowed 50 lakh from the complainant; court held that such cases were increasing day by day and need to be dealt with strictly
The matter dates back to October 7,2015 when an FIR was registered following a complaint by IOB chief regional manager DC Kar.(PTI Photo)
The matter dates back to October 7,2015 when an FIR was registered following a complaint by IOB chief regional manager DC Kar.(PTI Photo)

CBI files chargesheet against eight in Rs 729-lakh fraud in Chandigarh

Hindustan Times, Chandigarh | By HT Correspondent, Chandigarh
UPDATED ON OCT 01, 2019 12:20 AM IST
The eight accused are Arvind Machine Tools Private Limited through its directors Amarinder Singh Gorwara, his son Sahil and wife Daljit Kaur ; proprietor of M/S Punjab Steel Scrap Corporation Parminder Singh.
The RBI has decided to allow round-the-clock fund transfers through NEFT from December 2019.(REUTERS)
The RBI has decided to allow round-the-clock fund transfers through NEFT from December 2019.(REUTERS)

RBI allows round-the-clock fund transfers under NEFT from December

Mumbai | By Press Trust of India
UPDATED ON AUG 08, 2019 08:36 AM IST
RBI, in its Payment System Vision 2021 document, has said that it will make available the NEFT system on a 24x7 basis from December 2019 in order to promote digital transactions.
Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route.(REUTERS Photo)
Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route.(REUTERS Photo)

SBI waives RTGS, NEFT, IMPS charges

New Delhi | By Press Trust of India
UPDATED ON JUL 12, 2019 05:14 PM IST
The country’s largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS (immediate payment service) from August 1.
According to the plea, on May 25, Naresh Goyal was going abroad for some meetings with foreign investors who had reportedly infused some interest in the defunct jet Airways.(Reuters File Photo)
According to the plea, on May 25, Naresh Goyal was going abroad for some meetings with foreign investors who had reportedly infused some interest in the defunct jet Airways.(Reuters File Photo)

To Naresh Goyal’s foreign trip request, high court’s Rs 18,000 crore googly

Hindustan Times, New Delhi | By Richa Banka
UPDATED ON JUL 09, 2019 11:51 PM IST
Goyal’s lawyer said that his client had to travel abroad by July 10 to preserve his NRI status and not allowing him to do so is a violation of fundamental rights.
The police have arrested two former employees of a city-based software company for allegedly cheating the company of Rs 17.8 lakh by forging signatures.(Sourced)
The police have arrested two former employees of a city-based software company for allegedly cheating the company of Rs 17.8 lakh by forging signatures.(Sourced)

2 held for duping firm they worked with of Rs17.8 lakh

Gurugram | By HT Correspondent
UPDATED ON JUN 20, 2019 07:42 AM IST
Police said both the employees were laid off in a six-month cost-cutting exercise but before leaving, they had “picked up” certain forms used for payment from the company and used them to allegedly con the company.
Online fund transfer through NEFT and RTGS to be free from July 1, says RBI(Aniruddha Chowdhury/Mint File Photo))
Online fund transfer through NEFT and RTGS to be free from July 1, says RBI(Aniruddha Chowdhury/Mint File Photo))

Online fund transfer through NEFT and RTGS to be free from July 1, says RBI

New Delhi | By HT Correspondent
UPDATED ON JUN 11, 2019 08:21 PM IST
In a communication to banks, the RBI said the decision had been taken to provide an impetus to digital funds movement.
Both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are real-time payment systems maintained by the RBI and incur some associated charges.
Both NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are real-time payment systems maintained by the RBI and incur some associated charges.

RBI to do away with charges on online money transfer

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON JUN 06, 2019 12:32 PM IST
The meeting, first after the Lok Sabha elections, also decided to set up a committee involving all stakeholders, under the chairmanship of CEO Indian Banks’ Association (IBA), to examine the entire gamut of ATM charges and fees.
Last week, the RBI increased the timing for real-time gross settlement from 4:30pm to 6pm.(HT File Photo (representative image))
Last week, the RBI increased the timing for real-time gross settlement from 4:30pm to 6pm.(HT File Photo (representative image))

Five things to know about RTGS

Hindustan Times, Mumbai | By HT Corespondent
UPDATED ON JUN 03, 2019 11:32 AM IST
Here’s how Real-Time Gross Settlement (RTGS) works
The Odisha government on Friday thanked the Andhra Pradesh government for its timely support through Real Time Governance Society (RTGS) which helped minimise loss to properties and human lives in the super cyclone Fani.
The Odisha government on Friday thanked the Andhra Pradesh government for its timely support through Real Time Governance Society (RTGS) which helped minimise loss to properties and human lives in the super cyclone Fani.

How Andhra Pradesh came to the rescue of Odisha during Cyclone Fani

Hyderabad | By Srinivasa Rao Apparasu
PUBLISHED ON MAY 03, 2019 07:58 PM IST
According to an official release, Odisha chief secretary Aditya Phadi called his Andhra Pradesh counterpart L V Subrahmanyam and expressed his gratitude to the AP government and the services extended by RTGS.
Air India will not accommodate passengers from Jet Airways’ cancelled flights till further notice, an Air India circular issued on Friday said.(PTI Photo)
Air India will not accommodate passengers from Jet Airways’ cancelled flights till further notice, an Air India circular issued on Friday said.(PTI Photo)

Air India won’t accommodate fliers from Jet’s cancelled

Hindustan Times | By Faizan Haidar
PUBLISHED ON MAR 02, 2019 11:13 PM IST
Officials familiar with developments said on condition of anonymity that the agreement between Air India and Jet Airways, which is facing a severe financial crisis, had been terminated.
Maria Susairaj, an actor, has served a three-year sentence for murder of TV executive Neeraj Grover(PTI)
Maria Susairaj, an actor, has served a three-year sentence for murder of TV executive Neeraj Grover(PTI)

Maria Susairaj booked for cheating

Hindustan Times | By Arvind Walmiki, Thane
UPDATED ON APR 17, 2018 11:48 PM IST
Maria Susairaj, an actor, has served a three-year sentence for murder of TV executive Neeraj Grover
The accused has eight other cheating and forgery cases on him in Delhi, Madhya Pradesh Haryana and Mumbai.(HT FILE)
The accused has eight other cheating and forgery cases on him in Delhi, Madhya Pradesh Haryana and Mumbai.(HT FILE)

EOW arrests man from Delhi for duping Mumbai-based company of Rs92 lakh

Hindustan Times | By Vijay Kumar Yadav, Mumbai
UPDATED ON APR 15, 2018 12:00 AM IST
The accused had taken the money as processing and registration fees, on the pretext of availing a loan worth Rs100 crore
A security guard stands in front of Reserve Bank of India in Mumbai, India.(Kuni Takahashi/Bloomberg)
A security guard stands in front of Reserve Bank of India in Mumbai, India.(Kuni Takahashi/Bloomberg)

RBI asks banks to create special clearing window for govt accounts on March 31

Press Trust of India, New Delhi | By HT Correspondent
PUBLISHED ON MAR 29, 2018 05:38 PM IST
Apart from normal clearing, which is followed on any working Saturday (which March 31 is), a special clearing will be held exclusively for government transactions with return clearing on the same day.
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